liquidcactus

wave 4 expanding triangle in the S&P 500

Short
OANDA:SPX500USD   S&P 500 Index
Here's a count I've been tracking for a while on the S&P500.

What is interesting is the Fibonacci confluence around 3585:
  • .618 extension of minor W / Y
  • 2.618 extension of minute w / y
  • 1.276 extension of minuette a / c

In conjunction with the top of the expanding triangle, and trend channel.

Will we get a pullback to 2700 and then a pump to 4000 over the next couple of years?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.